Lyft (LYFT) Operating Expenses (2018 - 2026)
Lyft's (LYFT) quarterly Operating Expenses came in at $1.7 billion in Q1 2026, up 11.95% year-on-year from $1.5 billion in Q1 2025, and down 6.86% quarter-over-quarter from $1.8 billion in Q4 2025.
Lyft (LYFT) Operating Expenses (2018 - 2026) Analysis & Trends
Lyft's Operating Expenses history runs 9 years deep, the most recent figure standing at $1.7 billion for Q1 2026.
- On a quarterly basis, Operating Expenses rose 11.95% year-over-year to $1.7 billion in Q1 2026; TTM through Mar 2026 was $6.7 billion, a 10.55% increase from a year earlier, with the FY2025 full-year figure at $6.5 billion, up 10.16% from the prior year.
- Operating Expenses eased to $1.7 billion in Q1 2026 per LYFT's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.8 billion in Q4 2025 and bottomed at $1.1 billion in Q1 2022.
- The 5-year median for Operating Expenses is $1.5 billion (2024), against an average of $1.4 billion.
- Across the five-year window, Operating Expenses jumped 42.42% in 2022 and declined 27.46% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $1.8 billion in 2022, then dropped by 27.46% to $1.3 billion in 2023, then grew by 18.49% to $1.5 billion in 2024, then increased by 16.78% to $1.8 billion in 2025, then retreated by 6.86% to $1.7 billion in 2026.
- Per Business Quant, the three latest LYFT Operating Expenses figures stand at $1.7 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.7 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Lyft | 5.54 Bn | 3.82 Bn | 786.35 Mn | 1.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.66 Bn |
| Dec 31, 2025 | 1.78 Bn |
| Sep 30, 2025 | 1.66 Bn |
| Jun 30, 2025 | 1.59 Bn |
| Mar 31, 2025 | 1.48 Bn |
| Dec 31, 2024 | 1.52 Bn |
| Sep 30, 2024 | 1.58 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 1.28 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.22 Bn |
| Dec 31, 2022 | 1.77 Bn |
| Sep 30, 2022 | 1.34 Bn |
| Jun 30, 2022 | 1.36 Bn |
| Mar 31, 2022 | 1.07 Bn |
| Dec 31, 2021 | 1.24 Bn |
| Sep 30, 2021 | 1.07 Bn |
| Jun 30, 2021 | 1.01 Bn |